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Regional bank stocks recovered all of most of their bruising losses from the previous session on Friday, as analysts from Hovde Group and JPMorgan Chase &Co. provided support for the sector that’s been quickly losing ground in recent weeks.
PacWest Bancorp PACW led the snap-back in regional banks with a whopping 91% rise at midday. The stock, which has already been halted six times for volatility since the open, is on track to surpass its current record gain on a closing basis of 33.9% on March 14, 2023.
On…
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